SolarCoin Policy Paper
Blockchain technology is driving innovation and scale-up in the energy, climate, and environmental sectors. SolarCoin, a blockchain-based digital asset and currency, is designed to accelerate the transition to a clean energy economy. As a blockchain based technology, SolarCoin is global and decentralized, with similarities to cryptocurrencies like Bitcoin. SolarCoin stands out, because unlike these, SolarCoin ‘binds’ the disbursement of digital coins to useful economic and environmental activity - verifiably produced solar energy.
SolarCoin uses the unique characteristics of blockchain technology to create a phenomenon that is:
- a free, additional reward for solar energy producers
- the first digital currency to protect natural capital
- the first global, decentralized, non-governmental solar energy incentive program
SolarCoin, an open community project, was created in 2014 by a group of founders and volunteers working together as the SolarCoin Foundation. The SolarCoin Foundation rewards solar energy producers with blockchain-based digital tokens at the rate of 1 SolarCoin (SLR) per 1 MWh of solar energy produced.
This paper serves as a call to action for governments, NGOs, and the solar industry to recognize and seize the opportunity of SolarCoin, and thus help drive the global clean energy transformation.
Steps for Onboarding
Filing a claim for SolarCoin grant
Supporting the global Energy Transition
SolarCoin is a global decentralized incentive program for solar energy production
Goal of the document
Process maps for onboarding of monitoring platform, solar installer or individual solar owner.
Individual solar power producers may register to the SolarCoin program online directly through the SolarCoin Foundation and/or one of the Affiliate websites.
SolarCoin Wallet Instructions
The SolarCoin Wallet allows you to participate to the SolarCoin network as a Node. A Node validates blocks in the SolarCoin blockchain and supports the Network. The SolarCoin Wallet also allows you to stake SolarCoins at the rate of 2% yearly interest rate and allows for send and receive functions with your SolarCoins. You can use your SolarCoin Wallet (send/receive) in the same way as a bank account, with accepting businesses and Online Exchanges. Requirements in RAM memory and CPU usage for using the Wallet are fairly low. Downloading the SolarCoin Wallet will require 1Gb hard disk space.